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Last updated: February 19. 2013 4:13PM - 94 Views

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(AP) The cost of fixing problems on some A380 super jumbos weighed on third-quarter profits at Airbus parent company EADS NV.


Net profit at the European aircraft giant fell 1 percent to 309 million ($394 million) in the July to September period, down from 312 million a year earlier.


EADS said Thursday it has spent 200 million of an expected 260 million total on the A380 repairs, which involve small fractures found near some rivets on some planes at the spot where wings' metal covers, or skins, are joined with the wings' ribs.


Sales rose 15 percent in the quarter to 12.3 billion, and the company says it is on track to exceed its target of 10 percent sales growth for the full year.


Associated Press
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